Examples of Junior Noteholders in a sentence
If, notwithstanding the foregoing, in the sole opinion of the Representative of the Noteholders, there is or may be a conflict between the interests of the Senior Noteholders and the interests of the Junior Noteholders, the Representative of the Noteholders shall have regard only to the interests of the Senior Noteholders and, if the Senior Notes have been redeemed in full, the interests of the Junior Noteholders.
The Issuer may redeem the Notes in whole but not in part (or only the Rated Notes in whole, if all the Junior Noteholders consent) at their respective Principal Amount Outstanding, together with interest accrued and unpaid up to the date fixed for redemption, on any Payment Date falling on or after the Initial Clean Up Option Date.
In addition, the Representative of the Noteholders may and shall, if so requested or authorised by an Extraordinary Resolution of the holders of the Most Senior Class of Notes, following the delivery of a Trigger Notice take such steps and/or institute such proceedings against the Issuer as it may think fit to enforce repayment of the Notes and payment of accrued interest thereon to the interests of the Junior Noteholders.
Remedies pursued by the Representative of the Noteholders in such circumstances may be adverse to the interests of the Junior Noteholders or Other Issuer Creditors, as the case may be.
As we explain below, the bankruptcy court's factual findings as to the intent of the parties were sufficient in themselves to support the conclusion that the parties did not intend to subordinate the Junior Noteholders to post-petition interest.In accordance with New York law, the parties' intended meaning of an ambiguous term found in an agreement is to be "ascertained in the light of the surrounding facts andcircumstances," Tobin v.